DAX
Be ready for a decline in the DAX. A small rise to 6500 is possible, but it will be followed by a quick decline afterwards. The target is 5500.
Read the complete DAX analysis of September 22, 2010
Technical analysis and elliott wave forecasts of the German DAX
Reverse position – closed with profit
We closed our short positions on the DAX, Dow Jones and S&P500 with a nice profit. The recent rise took out our profit stops changed the market outlook to a bullish one. We are evaluating long positions at the moment.
Read the complete Reverse position – closed with profit analysis of July 21, 2010
DAX
The DAX is expected to continue the current decline to 5600-levels where it will find support. The invalidation level is 6300.
Read the complete DAX analysis of June 26, 2010